FD Interest Rate: 7.25% Interest On 399 Days Deposit, High Returns From These Banks

If you are considering making a fixed deposit , there's great news for you. Three major banks in the country – State Bank of India ( SBI ), Bank of Baroda (BoB), and Bank of Maharashtra (BoM) – have recently introduced special fixed deposit ( FD ) schemes with attractive interest rates . Here are the details:

SBI’s ‘Amrit Vrishti’ Special FD Scheme

• Tenure: 444 days
• Interest Rate: 7.25% per annum
• Additional Info: Senior citizens receive an additional 0.50% interest. The scheme is effective from July 15, 2024, and is available for investment until March 31, 2025. Depositors can avail of this scheme through SBI branches, YONO SBI, YONO Lite (mobile banking app), and SBI Internet Banking (INB).

Bank of Baroda Monsoon Dhamaka Special FD Scheme

Tenure Options:

• 333 days – 7.15% per annum
• 399 days – 7.25% per annum

Additional Info: Senior citizens benefit from increased interest rates, earning up to 7.90% per annum for 399 days. The scheme is accessible both online and at branches.

Bank of Maharashtra Special FD Scheme

Tenure Options:

• 200 days – 6.9% per annum
• 400 days – 7.10% per annum
• 666 days – 7.15% per annum
• 777 days – 7.25% per annum

Additional Info: The bank offers competitive interest rates that increase with longer tenures, with the highest rate available for a 777-day deposit at 7.25% per annum.

These special FD schemes provide an excellent opportunity to earn strong returns on your fixed deposits.